SiriusPoint Ltd. (NYSE: SPNT) announced today that it will sell its 49% equity stake in managing general agent Arcadian Risk Capital to Lee Equity Partners for a total consideration of $139 million, including a pre‑close dividend. The sale will generate a pre‑tax gain of $25‑30 million, adding to the $96 million gain already recognized in Q2 2024.
Arcadian Risk Capital, a Bermuda‑based MGA, produced $17.6 million of EBITDA in the most recent reporting period. SiriusPoint has renewed and extended its capacity agreement with Arcadian through the end of 2031, ensuring continued access to underwriting capacity while the stake is divested.
The transaction unlocks significant capital for SiriusPoint, providing liquidity that can be deployed for future growth or shareholder returns. The pre‑tax gain enhances the company’s profitability for the period and strengthens its balance sheet, while the extended capacity deal preserves a strategic partnership with a proven MGA.
The deal is expected to close prior to the end of the first quarter of 2026, subject to regulatory approvals and customary closing conditions. Jefferies LLC served as SiriusPoint’s exclusive financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP served as the legal advisor for the transaction.
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